Large Bitcoin holders continue to support the market, maintaining accumulation even after the recent wave of liquidations. According to CryptoQuant, investors holding between 100 and 1000 BTC traditionally influence market direction, and their steady buying often aligns with price growth.

However, short-term indicators show slightly weaker demand, as the 30-day balance of this group has moved below its moving average. Analysts believe a new catalyst, such as sustained inflows into Bitcoin ETFs, may be needed to reignite strong bullish momentum.

Historical data suggests a moderately positive outlook: after similar declines in open interest, Bitcoin has often shown recovery over the following three months. This reinforces expectations among traders anticipating continued growth after price stabilization.

Meanwhile, Bitcoin and Ethereum are gradually recovering, while altcoin trading volumes are rising faster. This may signal a return of investor risk appetite and expectations of further upward movement.